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Flex Ltd.(FLEX)Earnings, Financials & Key Ratios
FLEX•NASDAQ
$131.52
56.4× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryTech Hardware & EquipmentSub-IndustryElectronics Manufacturing and Circuit Boards
AboutFlex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The company provides cross-industry technologies, including human-machine interface, internet of things platforms, power, sensor fusion, and smart audio. It also offers integrated solar tracker and software solutions used in utility-scale and ground-mounted distributed generation solar projects. In addition, the company provides value-added design and engineering services; and systems assembly and manufacturing services that include enclosures, testing services, and materials procurement and inventory management services. Further, it offers chargers for smartphones and tablets; adapters for notebooks and gaming systems; power supplies for the server, storage, and networking markets; and power solutions, such as switchgear, busway, power distribution, modular power systems, and monitoring solutions and services. Additionally, the company provides after-market and forward supply chain logistics services to computing, consumer digital, infrastructure, industrial, mobile, automotive, and medical industries; and reverse logistics and repair solutions, including returns management, exchange programs, complex repair, asset recovery, recycling, and e-waste management. It serves to cloud, communications, enterprise, automotive, industrial, consumer devices, lifestyle, healthcare, and energy industries. The company was formerly known as Flextronics International Ltd. and changed its name to Flex Ltd. in September 2016. Flex Ltd. was incorporated in 1990 and is based in Singapore.Show more
- Revenue$27.91B+8.1%
- EBITDA$2.07B+21.1%
- Net Income$880M+5.0%
- EPS (Diluted)2.33+10.4%
- Gross Margin9.16%+9.6%
- EBITDA Margin7.41%+12.0%
- Operating Margin5.4%+19.1%
- Net Margin3.15%-2.9%
- ROE17.35%+6.9%
FLEX Price & Volume
Flex Ltd. (FLEX) stock price & volume — 10-year historical chart
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Accelerating Revenue Growth Amidst Structural Margin Gains
Investment Thesis • Updated 2026Q4
VerdictNeutral
Growth:Accelerating
Profitability:Moderate
Financial:Healthy
Cash Flow:Improving
Primary Risk:Supply chain concentration risk
Key Thesis Takeaways
- Flex is successfully pivoting toward higher-value manufacturing segments, evidenced by a 16.9% year-over-year revenue expansion in 2026Q4 and a steady improvement in gross margins to 9.8%.
- While the company demonstrates disciplined capital allocation through consistent share repurchases and controlled capital expenditure, investors should monitor the inherent volatility in working capital that caused an $850 million outflow in 2025Q4.
- The firm's ability to maintain a 0.84 debt-to-equity ratio while scaling operations suggests a resilient financial foundation, though cyclical OEM demand remains a primary risk factor.
Verdict Logic
while the company shows strong operational scaling with 16.9% revenue growth, the current P/E of 62.96 and high valuation multiples suggest the market has already priced in significant future performance improvements.
FLEX Growth Metrics
Flex Ltd. (FLEX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.35%
5 Years2.96%
3 Years-0.69%
TTM8.14%
Profit CAGR
10 Years7.08%
5 Years7.5%
3 Years3.53%
TTM5.01%
EPS CAGR
10 Years11.42%
5 Years14%
3 Years10.65%
TTM9.91%
Return on Capital
10 Years10.08%
5 Years11.76%
3 Years12.48%
Last Year16.22%
FLEX Recent Earnings
Flex Ltd. (FLEX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.93+6.4%
$0.87
Rev
$7.5B+7.4%
$7.0B
Q1 2026
Feb 4, 2026Metric
Actual
Est
EPS
$0.87+11.7%
$0.78
Rev
$7.1B+3.3%
$6.8B
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.79+4.8%
$0.75
Rev
$6.8B+1.8%
$6.7B
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$0.72+14.3%
$0.63
Rev
$6.6B+4.6%
$6.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.93vs $0.87+6.4% | $7.5Bvs $7.0B+7.4% |
| Q1 2026 | Feb 4, 2026 | $0.87vs $0.78+11.7% | $7.1Bvs $6.8B+3.3% |
| Q4 2025 | Oct 29, 2025 | $0.79vs $0.75+4.8% | $6.8Bvs $6.7B+1.8% |
| Q3 2025 | Jul 24, 2025 | $0.72vs $0.63+14.3% | $6.6Bvs $6.3B+4.6% |
Based on last 12 quarters of dataView full earnings history →
Latest FLEX News
Recent stock market news and headlines for Flex Ltd. (FLEX)
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Peers Comparison
Key metrics vs top competitors for Flex Ltd. (FLEX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $131.52 | $48.19B | 56.45 | 8.14% | 3.15% | 17.35% | — | |
| $321.08 | $33.87B | 54.24 | 3.18% | 2.57% | 62.24% | — | |
| $345.06 | $39.67B | 47.33 | 30.71% | 6.95% | 47.71% | — | |
| $81.01 | $2.91B | 119.13 | 0.11% | 1.27% | 3.1% | — | |
| $205.75 | $11.23B | 46.13 | 7.4% | 2.29% | 7.05% | — | |
| $255.94 | $6.86B | 40.89 | 1.82% | 4.35% | 12.83% | — |
Compare FLEX vs Peers
Flex Ltd. (FLEX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FLEX SEC Filings & Documents
Flex Ltd. (FLEX) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 12, 2026·SEC
Material company update
Jun 2, 2026·SEC
Material company update
May 5, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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FLEX Frequently Asked Questions
Flex Ltd. (FLEX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Flex Ltd.'s revenue?
Flex Ltd. (FLEX) reported $27.91B in revenue for fiscal year 2026. This represents a 4262% increase from $640.0M in 1997.
How fast is Flex Ltd. growing?
Flex Ltd. (FLEX) grew revenue by 8.1% over the past year. This is steady growth.
Is FLEX profitable?
Yes, Flex Ltd. (FLEX) is profitable, generating $880.0M in net income for fiscal year 2026 (3.2% net margin).
Dividend & Returns
What is FLEX's return on equity?
Flex Ltd. (FLEX) has a return on equity (ROE) of 17.3%. This is reasonable for most industries.
What is Flex Ltd.'s free cash flow?
Flex Ltd. (FLEX) generated $1.05B in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.